Clear, a SaaS and tax filing firm, has acquired supply chain finance startup Xpedize, reports Pymnts.

Software-as-a-service (SaaS) and tax filing firm Clear closed an acquisition deal for supply chain finance startup Xpedize for undisclosed terms, according to a press release on Wednesday (March 16).

In order to survive post-pandemic companies will have to leverage technology to smooth out their supply chains, reports Biz Tech Magazine. 

When the pandemic arrived two years ago, retail was one of the hardest-hit industries. As retailers grappled with store closings and labor shortages, supply chain disruptions catapulted to the top of their list of challenges, and those issues haven’t subsided since.

According to Forbes, the fashion supply chain can increase traceability with the use of artificial intelligence. 

Call it an example of the government stepping in to do the will of the people. As we speak, the European Commission is working to implement its Product Environmental Footprint (PEF) program, which, when it becomes law, will require companies to calculate and disclose the environmental impact of their products by tracing their origins through supply chains.